Dairy Companies

Dairy group Hatsun Agro targets 15% revenue growth after GST revamp

India, the world's largest milk producer, is in the midst of trade negotiations with Washington and the demand for opening up its dairy sector to US corporations has been a sore point

Rising dairy demand may worsen global nutrition and climate risks

With trade providing only limited relief, we're most likely to see shortages, as rising demand from developing countries is met with limited increases in supply

Dairy companies likely to record 11-13% revenue growth in FY26: Crisil

Dairy companies are likely to witness 11-13 per cent revenue growth this financial year on strong demand, increasing share of value-added products (VAP) and higher milk prices, a report said on Monday. The profitability will improve by 20-30 basis points (bps), aided by better realisations, healthy milk supply keeping procurement prices in check and a favourable shift towards VAP, which fetches higher margins, Crisil Ratings said in a report. The rating agency further stated that to capitalise on the healthy growth momentum, companies will ramp up capital expenditure (capex) by 10 per cent this fiscal. A sizable portion of this capex will be to enhance capacities for VAP, a segment that continues to outpace the traditional liquid milk category, it added. Despite the higher capex, credit profiles of dairy companies are expected to remain stable because of improving cash flows and strong balance sheets, the report said. "The VAP segment is expected to clock a strong 16-18 per cent .

Govt to establish 3 multi-state cooperatives for dairy sector growth

The government on Tuesday decided to set up three new multi-state cooperative societies for the dairy sector to focus on animal feed, dung management and circular use of dead cattle residues. Cooperation Minister Amit Shah, who chaired a meeting on sustainability and circularity in the cooperative dairy sector, said the goal should be to create a sustainable dairy ecosystem that promotes a circular economy. "As we move towards White Revolution 2.0, our goal should not only be to expand dairy cooperatives and make them efficient and effective but also to create an ecosystem of dairy which is sustainable," Shah said. According to an official statement, the first society will work on animal feed production, disease control and artificial insemination, the second will develop models of dung management, and the third will promote circular use of dead cattle residues. Shah emphasised that carbon credit benefits should directly reach farmers through scientific models. He highlighted the n

Heritage Foods to hike dairy prices this year to offset rising costs: CEO

It also plans to expand its footprint this year to 350,000 stores from 250,000 currently, including deeper growth in existing markets such as Chennai

MilkLane seal Rs 400 crore supply deal with dairy major Milky Mist

Partnership will help 10,000 farmers by ensuring fair pricing and access to high-nutrition cattle feed solutions, say companies

Assam-based Purabi Dairy pacts with NDDB to double output to 3 LLPD

The West Assam Milk Producers' Co-operative Union Ltd (WAMUL), which operates under the brand Purabi Dairy, on Sunday said it has joined hands with the National Dairy Development Board (NDDB) to double production to 3 lakh litres per day. The two organisations signed a Memorandum of Understanding (MoU) at the recent 'Advantage Assam 2.0' business summit for the Guwahati-based milk producer's expansion exercise. "The expansion project, estimated at Rs 100 crore, will increase Purabi Dairy's Panjabari plant's capacity from 1.5 LLPD to 3 LLPD, ensuring a steady supply of quality dairy products to meet growing consumer demand," WAMUL said in a statement. It will also see an increase in fermented milk product capacity from 20 metric tonnes per day (MTPD) to 50 MTPD and the establishment of a new ice cream plant with a capacity of 20 TLPD. Along with enhancing the supply chain, this will also ensure better returns for dairy farmers through value-added products, the company said. In July

Mother Dairy turnover may rise 15% to cross Rs 17K cr in FY25: MD Bandlish

Mother Dairy is likely to achieve 15 per cent growth in turnover this fiscal to more than Rs 17,000 crore on strong demand for its food products and expansion of production capacity as well as distribution network. Besides fresh milk and other dairy products, Mother Dairy sells edible oils under 'Dhara' brand and horticulture (fresh and frozen fruits & vegetables) items under 'Safal' brand. It is the leading milk supplier in Delhi-NCR. In an interview with PTI, Mother Dairy Managing Director Manish Bandlish noted that fiscal year 2024-25 marks a momentous milestone for the company as it completed 50th year of inception. "We are poised to conclude the year with an impressive growth of approximately 15 per cent, achieving a turnover exceeding Rs 17,000 crore," Bandlish said. In 2023-24, Mother Dairy had achieved a turnover of Rs 15,037 crore. Dairy business contributed about 75 per cent to the total annual revenue. "This strong performance is a testament to our strategic ...

Nandini milk to launch on Nov 21 in Delhi to rival Amul, other brands

By launching Nandini milk in Delhi, Karnataka Milk Federation aims to capture a share of the competitive North Indian dairy market, in direct competition with Amul

Will 'White Revolution 2.0' propel India's dairy sector to new heights?

India's overall milk production increased from 188 million tonnes in 2018-19 to 231 million tonnes in 2022-23 but the annual growth rate has dropped from 6.47 per cent to around 4 per cent

Dairy firm in midst of Tirupati laddu row once made liquid oxygen

The Tamil Nadu-based AR Dairy Food is facing scrutiny over the alleged presence of animal fat in the laddu preparation process at Tirupati Tirumala Devasthanams (TTD)

Mother Dairy aims to up FY25 revenue by at least 10% on summers, festivals

It currently has a network of nine own dairy plants and four Safal plants

MP govt to let NDDB operate cooperative dairies for 5 yrs; Cong opposes

The Madhya Pradesh government has given its consent to hand over for the next five years the operations of the Madhya Pradesh State Cooperative Dairy Federation and the milk unions affiliated to it to the National Dairy Development Board (NDDB). This decision was made during a meeting chaired by Chief Minister Mohan Yadav on Tuesday here in Bhopal. The opposition Congress, however, resisted the move, claiming that it was Gujarat co-operative dairy Amul's "backdoor" attempts to take over MP's state-run milk brand Sanchi. "During the meeting, it was agreed that the Madhya Pradesh State Cooperative Dairy Federation and its associated milk unions will be managed and operated by the NDDB for the next five years. For this, necessary approvals will be obtained and legal action will be taken," an official release said. CM Yadav said that there is a consensus on giving responsibility to the NDDB to increase the income of farmers and cattle keepers by making the state a leader in milk ...

Milk price rise: Will dairy stocks milk gains for investors? Analysts weigh

Analysts believe the momentum in dairy stocks such as Dodla Dairy, Heritage Foods, Hatsun Agro is here to stay

Dairy firm Heritage Foods looks East in line with pan-India ambition

In Odisha, Heritage launched its products about six to nine months back

Nandini milk price up by Rs 2 from June 26, quantity enhanced by 50 ml

The Karnataka Milk Federation (KMF) on Tuesday announced a hike in milk prices with effect from June 26, but it also said it would be enhancing the quantity of milk in its half and one litre packets by 50 ml. This comes days after the Karnataka government hiked sales tax on fuel, following which petrol prices have gone up by Rs 3 per litre and diesel by Rs 3.5 per litre in the state. "As it is the current harvest season, the storage of milk in all district milk unions is increasing every day and the current storage is close to one crore litres. In this background, the price of each packet is being increased by Rs 2 with an additional 50 ml of milk being given to the consumers only for each half liter (500ML) and one liter (1000ML) packets," KMF said in a statement. Currently, the 500 ml toned milk packet of Nandini costs Rs 22. With this hike, the 550 ml packet will now cost Rs 24. Similarly, the 1000 ml (1 litre) packet was priced at Rs 42 and will now be sold as 1,050 ml at Rs ...

PM Modi gives target to make Amul producer GCMMF world's biggest dairy firm

Prime Minister Narendra Modi on Thursday gave the target of making GCMMF, which owns Amul brand, the number one dairy company in the world from its current eighth position. The PM was speaking at the golden jubilee celebration of the Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its products under the brand 'Amul', at the Narendra Modi stadium here. "While the global dairy sector is developing at 2 per cent per annum, India's dairy sector is developing at 6 per cent," Modi said. "Today Amul (GCMMF) is the eight largest dairy company in the world, your target is to make it number one, the government will give all its support. This is Modi's guarantee," he said. Addressing thousands of members of the co-operative dairy union who had come from all over the state, Modi said after India's independence many brands were created, but none of them is like 'Amul'. PM Modi also said that the contribution of women is paramount in the development of the country's dairy .

Heritage Foods Q3 results: Profit surges 96% on strong dairy demand

Earlier this month, analysts at HDFC Securities said the demand for organised dairy products in India is going up due to rising income and a preference for healthier options

Akshayakalpa Organic announces new, modern dairy facility near Chennai

The facility is equipped with modern-day technology and has an impressive installed capacity of processing 40,000 litres of high-quality organic dairy products daily

Dairy products' stocks rally post Hatsun Agro's Q1 results; Dodla zooms 20%

The industry is likely to benefit from the much-anticipated flush season during October-November 2023